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Texas Instruments (TXN): New Buy Recommendation for This Technology Giant

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In a report released yesterday, Christopher Rolland from Susquehanna reiterated a Buy rating on Texas Instruments (TXNResearch Report), with a price target of $230.00. The company’s shares closed last Thursday at $175.59.

According to TipRanks.com, Rolland is a top 25 analyst with an average return of 27.2% and a 76.5% success rate. Rolland covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Skyworks Solutions, and NXP Semiconductors.

Texas Instruments has an analyst consensus of Moderate Buy, with a price target consensus of $207.41, an 12.0% upside from current levels. In a report issued on January 26, KeyBanc also reiterated a Buy rating on the stock with a $240.00 price target.

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Based on Texas Instruments’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.83 billion and net profit of $2.14 billion. In comparison, last year the company earned revenue of $4.08 billion and had a net profit of $1.69 billion.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TXN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Incorporated in 1930, Texas Instruments Incorporated, a global semiconductor company, designs, manufactures and sells analog and embedded processing chips. The company operates through two segments, including Analog, and Embedded Processing. The company is headquartered in Dallas, Texas.

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